Chip manufacturers have varied responses to Trump's phase-one tariffs.

U.S. chipmakers cautiously supported the Trump administration's 25% tariff on select advanced semiconductors, including AI chips from Nvidia and AMD, while managing rising costs amid ongoing trade talks. The tariff, effective January 15, excludes materials for U.S. semiconductor expansion. Companies like Nvidia praised the decision for bolstering U.S. manufacturing, but major players like TSMC and Intel refrained from commenting. The trade agreement aims to invest $250 billion in U.S. production, yet the U.S. still relies on foreign suppliers, producing only 10% of the semiconductors it needs.